Macroeconomic Forecast Costa Rica

July 2007 | Macroeconomic Forecasts

BMI View: Given the trade figures for the first half of the year, we are sticking with our forecast for a narrower trade gap in 2007 than in 2006 (US$3.0bn versus US$3.3bn). Imports in H107 (US$6.01bn) were almost perfectly on pace for our year end estimate (US$12.0bn), while exports (US$4.69bn) are set to come in above our forecast (US$9.0bn). The improvement in the external picture is set to help the international reserves scenario: we see reserves rising to US$3.6bn from US$3.1bn in 2006, which should help cushion the country from external shocks.

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